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21 Jun

BMW cancels $2 billion battery supply deal with Northvolt

German carmaker BMW Group says it has cancelled a €2 billion ($2.15 billion) order for battery cells with Swedish battery manufacturer Northvolt. The companies signed a long-term supply contract in 2020. The duo said at the time that the battery cells would be produced from 2024 at Northvolt Ett gigafactory in Skellefteå, northern Sweden. “Northvolt and the BMW Group have jointly decided to focus Northvolt’s activities on the goal of develo…
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